Genesis Global Capital Has Hired Investment Bank Moelis to Explore Options Including Bankruptcy: New York Times

Nov 23,2022
KingData News: Genesis Global Capital has hired investment bank Moelis & Company to explore options, including a potential bankruptcy, The New York Times reported, citing three people familiar with the situation. There haven't been any final decisions made and it is still possible for the company to avoid a bankruptcy filing, the report said. Separately on Tuesday, DCG founder and CEO Barry Silbert disclosed in a note to shareholders that DCG had a roughly $575 million liability to Genesis Global Capital, which is due in May 2023.
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